Problem Property
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Rising Service Charges Are Putting Buyers Off: What Were You Told When You Bought?
Rising service charges can deter potential buyers from flat purchases, as unexpected costs influence financial decisions. Important factors include understanding current and future charges, management practices, and financial transparency. Sellers should address buyer concerns by providing clear information about expenses, reserves, and any outstanding issues to facilitate a smoother sale.
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Shared Driveway Rights: The Buyer Wants the Neighbour to Sign Before Exchange
Shared driveway rights can complicate home sales, as ownership doesn’t guarantee access. Legal documents are crucial for verifying rights to cross neighbors’ property. Issues arise when buyers seek easements or when title documents lack clarity. A statement of truth may aid in proving access history, but does not create new rights.